In 2023, there were 31 enterprises in the UK's knitted and crocheted hosiery sector. The forecast indicates a downward trend from 2024 to 2028, with the number of enterprises decreasing by approximately 3.5% year-on-year. Specifically, the number drops from 30 in 2024 to 24 by 2028. This represents a compound annual growth rate (CAGR) of approximately -5.0% over the 5-year period.
Future trends to watch for:
- Innovation in sustainable materials may single out competitive enterprises.
- Online retail growth could provide new distribution channels.
- Emerging players might focus on niche markets or personalized products.
